Ben White: THE FISCAL CLIFF IS ALREADY OVERhttp://www.businessinsider.com/ben-white-the-fiscal-cliff-is-already-over-2012-11/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Fri, 18 Aug 2017 01:14:19 -0400Joe Weisenthalhttp://www.businessinsider.com/c/50bb3cbaeab8eace62000024murtezaaSun, 02 Dec 2012 06:34:18 -0500http://www.businessinsider.com/c/50bb3cbaeab8eace62000024
A bake and vote (meaning leadership cuts a deal and presents it as a yae or nay vote without debate) deal is possible put Boehner will need to rely on Nancy Pelosi to deliver 60-80 votes for it to pass the House, and that's a problem for Boehner going forward. McConnell has to cover his right flank because his primary season is coming and the Paul voters in KY remember the primary in 2010; but with 55 in the Democratic caucus Reid might be able to get 5 Republicans for cloture. A deal can get done but it won't be simple.
<a href="http://www.trbolumfragmani.com" target="_blank" rel="nofollow" >http://www.trbolumfragmani.com</a>
<a href="http://www.trbolumfragmani.com/kategori/yeni-diziler" target="_blank" rel="nofollow" >http://www.trbolumfragmani.com/kategori/yeni-diziler</a>http://www.businessinsider.com/c/50ad146569bedd587700000cKingTutWed, 21 Nov 2012 12:50:29 -0500http://www.businessinsider.com/c/50ad146569bedd587700000c
Yeah, the fiscal cliff is behind us all right. We just haven't hit the ground yet.http://www.businessinsider.com/c/50abad5569bedd611000000e1100ccTue, 20 Nov 2012 11:18:29 -0500http://www.businessinsider.com/c/50abad5569bedd611000000e
Excellent comment. Under the scenarios they are talking about, they will be lucky to keep the debt flat where it is now.http://www.businessinsider.com/c/50aaafda69beddf52c000027Fist FisterMon, 19 Nov 2012 17:16:58 -0500http://www.businessinsider.com/c/50aaafda69beddf52c000027
Still peddling that trickle down nonsense eh?
Where were you when Bush the much much Lesser was blowing up the budget with tax cuts and wars?http://www.businessinsider.com/c/50aa974eeab8ea933200001cCreate and Destroy Money Out Of Thin AirMon, 19 Nov 2012 15:32:14 -0500http://www.businessinsider.com/c/50aa974eeab8ea933200001c
The debt they are buying will never need to be repaid.
So what is the problem? The Fed has this power right in their spreadsheet!http://www.businessinsider.com/c/50aa505b69bedd243a00001fmikej77Mon, 19 Nov 2012 10:29:31 -0500http://www.businessinsider.com/c/50aa505b69bedd243a00001f
The election is over and raising funds for 2014/16 is Job One. Resolving this situation will allow them to drop legislating back to low priority and get out there and scoop cash with the latest versions of "the sky is falling" narratives.http://www.businessinsider.com/c/50aa4f14ecad044c1000000amikej77Mon, 19 Nov 2012 10:24:04 -0500http://www.businessinsider.com/c/50aa4f14ecad044c1000000a
This was always wildly overblown hysterical propaganda.
It is one apocalypse, sky is falling story after another.
Let's wave the Greece Story again....
"Bankrupt Tony Greece to Destroy Earth"
"Melting Ice to Destroy Earth"
"Peak Oil to Destroy Earth"
How many "titles" do you have on file?http://www.businessinsider.com/c/50aa4d03ecad046e07000016skMon, 19 Nov 2012 10:15:15 -0500http://www.businessinsider.com/c/50aa4d03ecad046e07000016
I do not disagree with your assertion. But even if they came up with a plausible and imminent solution to the debt burden, we would not be happy with it. It increasingly looks like our generation will do exactly what the past generation did; pass it on...http://www.businessinsider.com/c/50aa46caeab8ea0e7b000006JMRMon, 19 Nov 2012 09:48:42 -0500http://www.businessinsider.com/c/50aa46caeab8ea0e7b000006
Great link by the way! I love the site.http://www.businessinsider.com/c/50aa468fecad04f77a000019slablineMon, 19 Nov 2012 09:47:43 -0500http://www.businessinsider.com/c/50aa468fecad04f77a000019
This fiscal cliff is an artificial thing created by congress to get past the debt ceiling debate. If the republicans wouldn't have gone all crazy during last years debt ceiling there wouldn't be a fiscal cliff right now.http://www.businessinsider.com/c/50aa45f669bedd5223000012Mr. HeadMon, 19 Nov 2012 09:45:10 -0500http://www.businessinsider.com/c/50aa45f669bedd5223000012
Yep, everything is really good...I'm so happy and I bet the people below, that have lost their jobs because everything is sooooooo gooooood, are ecstatic!
Abbott Labs 700
Activision 30
Adventist Health 48
Airlines SAS 6000
AMD 400
American Cotton Growers 110
ArcelorMittal 20
American Independence Museum 4
Ameridose 790
American Airlines 4400 + 800 leaving voluntarily
American Coal 54
Atlantic Lottery Corporation 16
Assc Milk Producers 130
Aveo Oncology 45
ATI 172
Bankia 5000
Bechtel Power Corp 277
Bigpoint Games 47
Boston Scientific 1200
Brake Parts LLC 75
Brattleboro Retreat 31
Bristol Myers 500
Career Education 900 + Closing 23 Campuses
Cigna 1300
Citigroup 100
Commerzbank 6000
Consol Energy in W.V. 145
Covidien 595
Crouse Hospital Syracuse NY 70
Cummins 150
CVPH 27
DEP in Tallahassee FL 15
DuPont, Co. 64
Eagle-Tribune, Andover 21
Emanuel Medical Cente 24
Energizer Holdings 1500
Ericsson 1550
Exide Tech, Laureldale 150
City of Findlay, OH 39
First Energy 400
Gameforge Berlin 20
Gamesa Energy 92
GenOn Energy Inc 33
Glen Falls Hospital 29
Groupon 80
GT Advanced Tech 165
Harris’ Broadcast 17
Hawker Beechcraft 400 + Facilities closing
Hill Rom 200
Hills Holdings 300
HMX Group 567
Hostess 627
Iberia Airlines 4500
ICM of Colwich 25
ING 2350
Judson University 21
Juniper Networks 500
Kaiser Permanente 84
Kinetic Concepts 427
Kratos Defense Security 125
Lackawanna County PA 11
Lightyear Network Solutions 12+
Lonza 500
Majestic Star Casino/hotel 80
Major Wind Company 3000
Martha Stewart Living 70
Medtronic 1000
Mills Manufacturing NC 68
Momentive, Inc. 150
Monitor Group 235
Montco Behavioral Health/Dev 58
NBC 500
Nebraska Medical Center 38
Neovia Logistics Services 52
New Energy 40
Ormet 200
Panasonic 10000
PayPal 320
Penn Refrigeration 40
Penske Logistics 50
Pepsi 4000
Philips Electronics 218
Pierce Mfg 325
Pratt & Whitney Rocketdyne 100
Research in Motion 200
Rheem Manufacturing 50
Sentry Foods 70
Shaw’s Supermarket 700
Shawano foundry WI 90
Smith & Nephew 770
Smithfield Packing Co. 125
Solel Solar Systems 140
Southeastern Container 15
SpaceX 100
SRA Intl Inc 222
St. Jude Medical 300
Stryker 1170
Sulake 60
Sun Media 500
TE Connectivity 620
TECO Coal Corporation 90
Texas Instruments 1700
The Providence Journal Co 23
TMX Group Ltd. 100
Turbocare 220
Turkey Point Nuclear Plant 277
Oce North America, Inc. 135
Turbocare OCE 220
UBS 10000
US Cellular 980
UtahAmerican Energy Inc 102
Volvo Trucks Pulaski County 300
Wake Forest Baptist Medical 950
Welch Allyn 275
West Ridge Mine 102
Westinghouse 50
World Media Enterprises Inc 105
WPS Health Insurance 600
Wright Patterson AFB 115
Wyodak Coal Mine 11
Xerox 2500http://www.businessinsider.com/c/50aa45ea69beddf828000001hammermanMon, 19 Nov 2012 09:44:58 -0500http://www.businessinsider.com/c/50aa45ea69beddf828000001
Fiscal Cliff is like the Y2k thing....As long as there is militrary, no one really has to worryhttp://www.businessinsider.com/c/50aa402869bedd521a000006JMRMon, 19 Nov 2012 09:20:24 -0500http://www.businessinsider.com/c/50aa402869bedd521a000006
Right, remember whenever they are talking about deficit reduction they are talking about it in ten year increments. So raising one trillion from wealthy taxpayers (yeah right) really only means raising 100 billion this year. It's such BS. I watched a video this morning that pointed out that in order for raising taxes to wipe out the deficit anyone in this country (any family) making 100,000 or more would have to pay about 88% of their income in taxes, thus making almost all of them below average in take home pay. The fiscal cliff talks is all great theater and they will inevitably raise the debt ceiling again and kick the can a little further. Who the hell couldn't figure that out? It doesn't take some kind of political or economic analyst to see that all this drama is all for show.http://www.businessinsider.com/c/50aa400b69beddaa14000035tokyo_joeMon, 19 Nov 2012 09:19:55 -0500http://www.businessinsider.com/c/50aa400b69beddaa14000035
"Markets are gaining, and it's being attributed to Fiscal Cliff optimism."
More nonsense as usual Anyone want to be 1000$ that we will be red by end of the day? Here is my prediction S&P goes down another 10-15% before all this is over.
Joe go back to drinking your Obama Kool Aid.http://www.businessinsider.com/c/50aa3bbeeab8ea1b64000006stan_stanMon, 19 Nov 2012 09:01:34 -0500http://www.businessinsider.com/c/50aa3bbeeab8ea1b64000006
I think you misunderstood him. He is saying "We are already OVER the fiscal cliff".http://www.businessinsider.com/c/50aa3b0becad044063000027Mark2Mon, 19 Nov 2012 08:58:35 -0500http://www.businessinsider.com/c/50aa3b0becad044063000027
Hi guyz... we just fixed everthing with this $16T deficit and $40T in entitlement obligations with a $50B down payment. Thanks for playing.http://www.businessinsider.com/c/50aa34036bb3f7b33d00001e1100ccMon, 19 Nov 2012 08:28:35 -0500http://www.businessinsider.com/c/50aa34036bb3f7b33d00001e
Absolutely right. The tragedy of it is that they are tweaking a few tens of billions of dollars here and there, a few percent of just this year's federal budget and a drop in the ocean against the total national debt of 16T.
<a href="http://demonocracy.info/infographics/usa/us_debt/us_debt.html" target="_blank" rel="nofollow" >http://demonocracy.info/infographics/usa/us_debt/us_debt.html</a>http://www.businessinsider.com/c/50aa327e6bb3f78a3d000009DepressionfMon, 19 Nov 2012 08:22:06 -0500http://www.businessinsider.com/c/50aa327e6bb3f78a3d000009
token taxes and massive EXTEND AND PRETEND .....
exactly as i predicted ..http://www.businessinsider.com/c/50aa2d0969bedd686a000006TraderGregMon, 19 Nov 2012 07:58:49 -0500http://www.businessinsider.com/c/50aa2d0969bedd686a000006
If the economy is so strong then why the Fed is easing to the tune of $45B soon to be $85B per month? Why the Fed is artificially supporting the stock market pumping money into it? Because things are so peachy?http://www.businessinsider.com/c/50aa26d8ecad04a03c000024KelsonusMon, 19 Nov 2012 07:32:24 -0500http://www.businessinsider.com/c/50aa26d8ecad04a03c000024
I originally thought if we went over the cliff, it would finally get some reduction in spending
But considering the Senate's treason of not passing a budget, signaled again to happen this year, Obama can just circumvent Congress as he's done these last 3
In which case, spending won't go down ( it's a spending problem, not revenue ) and he'll just do with taxes whatever he'd like
You're right, we went over the cliff Nov 6thhttp://www.businessinsider.com/c/50aa26326bb3f7072800001ebelogicalMon, 19 Nov 2012 07:29:38 -0500http://www.businessinsider.com/c/50aa26326bb3f7072800001e
I am always amazed that people listen to these people instead of thinking for themselves. What do you think anyone who depends of the financial system for their living to say? It sucks get out! Come on, everything anyone says good or bad has to be filtered, what is their angle.http://www.businessinsider.com/c/50aa227369beddd44e00001cFritz PfisterMon, 19 Nov 2012 07:13:39 -0500http://www.businessinsider.com/c/50aa227369beddd44e00001c
The Fiscal Cliff is a crisis created by politicians who say we can now trust to fix what they created. The only reason the fiscal cliff is important is if all the tax rates go up, that would be the straw that breaks the; record debt/deficit spending/Obamacare/Dodd-Frank/regulatory state/fiat money/QE/Twist/green economy obese camel's back.http://www.businessinsider.com/c/50aa222069bedd8649000024 r cohnMon, 19 Nov 2012 07:12:16 -0500http://www.businessinsider.com/c/50aa222069bedd8649000024
It is really stupid for any party to defend the richest %1.It is even more stupid for spending to continue at any where near the current rate.Throw the very rich under the bus and throw defense establishment,the state and local unions,the federal govermant workers under the same bus.Adopt a trully fiscal conservative stance.No subsidies to the banks or big agriculture. and less government.http://www.businessinsider.com/c/50aa1f0decad040e36000004HMon, 19 Nov 2012 06:59:09 -0500http://www.businessinsider.com/c/50aa1f0decad040e36000004
Groundbreaking...http://www.businessinsider.com/c/50aa1d7a6bb3f70d0a000054allenbraymondMon, 19 Nov 2012 06:52:26 -0500http://www.businessinsider.com/c/50aa1d7a6bb3f70d0a000054
Mr. White is well versed in the ways of Washington but he's off in this instance. GOP staff (House and Senate) think Obama will cave on Bush tax cuts like the last go around; the re-elected Tea Party House Members think they have a mandate. A bake and vote (meaning leadership cuts a deal and presents it as a yae or nay vote without debate) deal is possible put Boehner will need to rely on Nancy Pelosi to deliver 60-80 votes for it to pass the House, and that's a problem for Boehner going forward. McConnell has to cover his right flank because his primary season is coming and the Paul voters in KY remember the primary in 2010; but with 55 in the Democratic caucus Reid might be able to get 5 Republicans for cloture. A deal can get done but it won't be simple.http://www.businessinsider.com/c/50aa1152ecad04251200001eYeah rightMon, 19 Nov 2012 06:00:34 -0500http://www.businessinsider.com/c/50aa1152ecad04251200001e
And according to the ECB, the EuroZone crisis is also over.
Look, even if they manage to kick the can further down the road it doesn't mean everything's better. In fact, it means everything is worse. The "fiscal cliff" is a debt crisis. Saying that you have avoided the "fiscal cliff" is just another way of saying, "Yes, we still have a massive credit card bill, but we managed to postpone this month's payment".
That's hardly cause for celebration. It simply means we are on course and accelerating towards financial implosion on a far larger scale. That's not fear-mongering, it's mathematical certitude. You can't keep running up debt indefinitely without dislocations ultimately destroying you.
History is littered with the ruins thousands of nations and empires who died exactly the same way. Those people weren't dumb. They were simply (similarly) unable to change course.http://www.businessinsider.com/c/50aa0dab6bb3f79575000012NicolasMon, 19 Nov 2012 05:44:59 -0500http://www.businessinsider.com/c/50aa0dab6bb3f79575000012
Blind men with big mouths. Propaganda machine in full force. Suckers born every minute.http://www.businessinsider.com/c/50aa08dd69bedd7509000026Anton OlffMon, 19 Nov 2012 05:24:29 -0500http://www.businessinsider.com/c/50aa08dd69bedd7509000026
He is probably right. They will get something done to show the public, but the real problems will remain and indeed, grow larger.